A person invests 8000 dollars in a bank. The bank pays 5% interest compounded monthly. To the nearest tenth of a year, how long

Question

A person invests 8000 dollars in a bank. The bank pays 5% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 14100 dollars?

Kunduz · Accepted Answer

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